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the house for now is expected to vote later today or even tomorrow on the fiscal cliff legislation. the senate passed it overwhelmingly in the early hours of the new year with a push from the vice president. for now we go to nbc's kristen welker who is marking the new year at the white house. good morning and happy new year. >> reporter: happy new year to you, mara. >> what do we know about the president's reaction to this legislation and the senate's vote? >> well, the president, officials here at the white house are feeling confident about the fact that the vote passed the senate with 89 votes. that means it passed with broad, bipartisan support. that sort of helps to put pressure on members of the house to get this legislation through. this is not a bill that just passed with democrats. this is a bill that had 89 votes so, certainly, house speaker john boehner can make the case when he talks to his caucus a little late other than today that, look, this did get a number of votes within both parties. of course this is not a done deal until everything is signed, sealed, and delivere
the house for now is expected to vote later today or even tomorrow on the fiscal cliff legislation. the senate passed it overwhelmingly in the early hours of the new year with a push from the vice president. for now we go to nbc's kristen welker who is marking the new year at the white house. good morning and happy new year. >> reporter: happy new year to you, mara. >> what do we know about the president's reaction to this legislation and the senate's vote? >> well, the...
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the house of representatives is reconvening to consider the fiscal cliff deal. overwhelmingly approved by the senate in the wee hours of this new year. republicans meet at 1:00. the democrats are said to be going in now and that vice president joe biden who, of course, was key in making the senate deal happen, will be in that caucus, we're told. big questions, though, still outstanding. when might the house vote on this deal? can speaker boehner come up with the votes to pass it? or will republicans try to amend it and end send it back. good day. happy new year. i'm chris jansing. there are a lot of moving parts on capitol hill. let's get right to nbc's luke russert who is on the hill and where things stand. first, let's listen into the start of this session. >> the speakers are in washington d.c., january 1, 2013. i hereby hereby appoint the honorable robert j. dole to act as speaker in temporary on this day, signed john a. boehner, speaker of the house of representatives. >> the prayer will be offered by our chaplain father conroy. >> let us pray. eternal god,
the house of representatives is reconvening to consider the fiscal cliff deal. overwhelmingly approved by the senate in the wee hours of this new year. republicans meet at 1:00. the democrats are said to be going in now and that vice president joe biden who, of course, was key in making the senate deal happen, will be in that caucus, we're told. big questions, though, still outstanding. when might the house vote on this deal? can speaker boehner come up with the votes to pass it? or will...
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Dec 31, 2012
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cliff, you see people now at the white house, on the hill, in both parties talking about it as a slope, not a cliff. that there will be a deal early in the new year if not one by new year's eve. so i think clearly both sides think it is now likely that we'll go over the cliff and that they want to argue it's not so catastrophic. in fact, as you say, especially for a liberal democrats they see some advantages to going over the cliff, blaming republicans and starting with kind of hitting the reset button when it comes to this debate. >> well, you had apparently democrats giving in on the estate tax. yesterday we saw that the republicans withdrew their demands on social security but now you have i mean what is arguably a much more difficult negotiation which is over concessions on the sequester. you know, if this doesn't get done is that what the holdup is going to be? or is it just going to be a whole myriad of things? >> i think it would be a myriad of things but certainly a sequester is a concern for members of both parties. you know, the pro defense hawkish types of both parties who w
cliff, you see people now at the white house, on the hill, in both parties talking about it as a slope, not a cliff. that there will be a deal early in the new year if not one by new year's eve. so i think clearly both sides think it is now likely that we'll go over the cliff and that they want to argue it's not so catastrophic. in fact, as you say, especially for a liberal democrats they see some advantages to going over the cliff, blaming republicans and starting with kind of hitting the...
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Dec 30, 2012
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plan then we can avoid the fiscal cliff. they won't allow a vote in the house on the president's proposal. we haven't had a vote on his plan. >> thank you, congressman for being here with us today. >> thank you. >>> coming up in our war room finger pointing is coming from all sides. these fiscal cliff negotiations. which side will likely face the bulk of the blame if there is no deal. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. citi price rewind. with a new project in mind, some how-to knowledge to give us an new years clutter is no match for someone with big i
plan then we can avoid the fiscal cliff. they won't allow a vote in the house on the president's proposal. we haven't had a vote on his plan. >> thank you, congressman for being here with us today. >> thank you. >>> coming up in our war room finger pointing is coming from all sides. these fiscal cliff negotiations. which side will likely face the bulk of the blame if there is no deal. [ male announcer ] it's that time of year again. time for citi price rewind. because your...
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Dec 27, 2012
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the house had two bills that collectively can avert the entire fiscal cliff if enacted. those bills await action by the senate. >> the classic ping pong gridlock and no way out. >> it's important to know how far we have come in the last seven days. a week ago we were closer than we had seen before on a particular deal. john boehner made a big concession allowing tax cuts to rise on income over a million dollars. president obama countered with a big concession and saying that that should be $400,000 and have fixes to social security on costs of living adjustments on that. what ended up happening? john boehner retreated their plan b that mike viquiera was talking about that was unable to pass and now we are in the stalemate we are in now. we were closer than before. >> you touch on a good point. that's lost now in the media. we are going-over the cliff. last week they are $450 billion away from a deal. that's less than 1% of the federal spending over the next decade. in d.c. terms, 400 billion seems like a lot. that's a drop in the bucket in d.c. terms. it's amazing that s
the house had two bills that collectively can avert the entire fiscal cliff if enacted. those bills await action by the senate. >> the classic ping pong gridlock and no way out. >> it's important to know how far we have come in the last seven days. a week ago we were closer than we had seen before on a particular deal. john boehner made a big concession allowing tax cuts to rise on income over a million dollars. president obama countered with a big concession and saying that that...
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we're keeping our eye on the senate back in session with the fiscal cliff talks now down to the wire. the big question is even if the senate reaches a deal as they continue the debate will republicans pass anything with tax hikes in the house? up next republican congressman tom cole. and baby makes three. kim kardashian and kanye west's big baby announcement. also, sydney, australia celebrating the new year just three hours ago with fireworks over the famous opera house. in new york city, an already crowded times square. people waking up there. our big question what is your new year's resolution for 2013? tweet me at richard lui. we'll share some of your comments later. >>> a live look at the markets which appear to be taking going over the fiscal cliff in stride. many people say it is built into the market. many investors are still confident leaders will strike some sort of deal as talks go down to the wire and even if they don't they are counting on senate majority leader harry reid to present a backup proposal to limit some of the damage. we're watching live pictures on the right-h
we're keeping our eye on the senate back in session with the fiscal cliff talks now down to the wire. the big question is even if the senate reaches a deal as they continue the debate will republicans pass anything with tax hikes in the house? up next republican congressman tom cole. and baby makes three. kim kardashian and kanye west's big baby announcement. also, sydney, australia celebrating the new year just three hours ago with fireworks over the famous opera house. in new york city, an...
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we're taking a look here as the clock counts down as we head over the fiscal cliff. a live look at capitol hill as the sun comes up over washington. they're working, working away there on capitol hill. here with us now from washington, former white house press secretary and former senior adviser to the obama campaign, robert gibbs, who looks like he's on a ski vacation. >> very casual. is he in washington or colorado? >> i wish i was in colorado. >> nbc news chief white house correspondent political director and host of "the daily rundown," chuck todd is with us as well. >> don't you know the trick? above the waist is all you have to worry about. you could have faked it. i mean, mika's wearing shorts, right? >> he's got his jammies on. >> i think the seriousness of what's going on is matched by my outfit. >> so you're wearing pajama pants with bozos all over them, right? >> more or less. >> so let me just ask you a question. it's sort of big picture. this was set up over two years. everybody put this deadline in place to force washington to confront the nation's debt
we're taking a look here as the clock counts down as we head over the fiscal cliff. a live look at capitol hill as the sun comes up over washington. they're working, working away there on capitol hill. here with us now from washington, former white house press secretary and former senior adviser to the obama campaign, robert gibbs, who looks like he's on a ski vacation. >> very casual. is he in washington or colorado? >> i wish i was in colorado. >> nbc news chief white house...
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so, let's say we go over that cliff at 12:01 tonight, and tomorrow morning the white house and the democratic machine starts the drum beat that republicans have caused this, the republicans, fill in the blank, have created this fiscal mess, now that we're over the cliff. how do we as a party with voices like yours get in front of that noise to reframe this argument just as you just did. take the parties out of this and focus on the nation's business? >> well, number one is i really don't care what's said tomorrow morning. it's a failure of leadership of great proportions of everybody that's here. and anybody you hear trying to make a gain out of that doesn't really care about the country. they care about themselves and advantaging themselves. that's number one. number two is i don't think going over the cliff, as far as a lesson for us, will be all that harmful. i know it's -- everybody's rattled about it, but the fact is, is we will, in fact, reinstitute some tax cuts. we should not reinstitute or eliminate the spending cuts. this government wastes $300 billion to $600 billion a year that no
so, let's say we go over that cliff at 12:01 tonight, and tomorrow morning the white house and the democratic machine starts the drum beat that republicans have caused this, the republicans, fill in the blank, have created this fiscal mess, now that we're over the cliff. how do we as a party with voices like yours get in front of that noise to reframe this argument just as you just did. take the parties out of this and focus on the nation's business? >> well, number one is i really don't...
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. >>> meantime, the fiscal cliff stand-off in washington continues. at this late hour the senate and house of representatives both went into recess, still no deal. republican senate leader mitch mcconnell reached out to vice president joe biden to help reach an agreement. two men who have served as their party's closers, so to speak, on tough deals before. senate majority leader harry reid says he plans to have a plan up for a vote tomorrow morning. although there are serious differences on both sides. >> we're not going to have any social security cuts at this stage, it just doesn't seem appropriate. i still hold out hope we can get something done but i'm not overly optimistic but i am cautiously optimistic. >> republicans pushed back on claims by democrats that the social security benefit measurement, which is known as the chained cpi and basically would reduce the amount of money that senior citizens get under social security, was part of the republican plan. in any case, that is off the table. senator john mccain posted this on twitter, most of us
. >>> meantime, the fiscal cliff stand-off in washington continues. at this late hour the senate and house of representatives both went into recess, still no deal. republican senate leader mitch mcconnell reached out to vice president joe biden to help reach an agreement. two men who have served as their party's closers, so to speak, on tough deals before. senate majority leader harry reid says he plans to have a plan up for a vote tomorrow morning. although there are serious...
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and with the white house and congress focused exclusively on the fiscal cliff, what does it all mean for president obama's second term agenda? the president laid out some of his goals on sunday on "meet the press." >> there are a couple of things that we need to get done. i've said that fixing our broken immigration system is a top priority. the second thing that we've got to do is to stabilize the economy and make sure it's growing. number three, you know, we've get a huge opportunity around energy. we are producing more energy and america can become an energy exporter. but the most immediate thing i've got to do, starting on january 1st, if congress doesn't act before the end of the year, is make sure that taxes are not going up on middle class families. >> joining me now, former spokesman for the democratic congressional campaign committee, doug thornel, republican media consultant kim, and my colleague at "the washington post" and white house reporter david knanakamura. doug, i want to start with you. the president's first-term agenda really was health care, and then he had to de
and with the white house and congress focused exclusively on the fiscal cliff, what does it all mean for president obama's second term agenda? the president laid out some of his goals on sunday on "meet the press." >> there are a couple of things that we need to get done. i've said that fixing our broken immigration system is a top priority. the second thing that we've got to do is to stabilize the economy and make sure it's growing. number three, you know, we've get a huge...
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lawmakers do not reach a fiscal cliff agreement, could you see your taxes skyrocket and deep spending cuts kick in. major spending cuts entitlements and tax increases. house republicans have ended their meetings for the night. we'll find out tomorrow whether they've made any progress in their talks. any deal would have to get enough votes to pass the senate and the house. president obama says sandy hook school shooting was the worst day of his presidency. americans will have to explore their own feelings when his gun law reform proposals come out next year. >> the question then becomes, whether people are actually shook up enough by what happened here, that it does not become another one of these routine episodes where it gets a lot of attention for a couple weeks and then it drifts away. it certainly won't feel like that to me. >> the president says the law he's pushing will address assault style rifles, high capacity magazines and background checks. >>> the fiscal cliff, it's not the only deadline pressing on congress. a five-year farm subsidies bill that expired in september was ne
lawmakers do not reach a fiscal cliff agreement, could you see your taxes skyrocket and deep spending cuts kick in. major spending cuts entitlements and tax increases. house republicans have ended their meetings for the night. we'll find out tomorrow whether they've made any progress in their talks. any deal would have to get enough votes to pass the senate and the house. president obama says sandy hook school shooting was the worst day of his presidency. americans will have to explore their...
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that is a clear signal that republicans in the house are taking us right over the fiscal cliff. i wished the entire republican caucus was as reasonable as the colleague of mine and friend who is standing right next to me who is a very conservative republican but a very practical common sense republican. if his colleagues would listen to him, we would be in decent shape here. right now the problem in the republican caucus and the house is compromise has bng a dirty word. as you indicated there things in this bill that i don't like. there are things in this bill that i don't like. but i recognize that none of us get to have things 100% of our way. and the difference between divided government and dysfunctional government is a willingness to compromise. and compromise is in very short supply today in the house republican caucus. >> suarez: representative van hollen you heard your colleague tom cole talk about deep misgivings inside the republican caucus. aren't there members of your party who are not overjoyed with what came out of the senate last night? where the dividing lines am
that is a clear signal that republicans in the house are taking us right over the fiscal cliff. i wished the entire republican caucus was as reasonable as the colleague of mine and friend who is standing right next to me who is a very conservative republican but a very practical common sense republican. if his colleagues would listen to him, we would be in decent shape here. right now the problem in the republican caucus and the house is compromise has bng a dirty word. as you indicated there...
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fiscal cliff, tax increases, spending cuts. and gridlock in washington. we'll tell you what happens after the first of the year. >>> let's get a check on the markets. scott joins us from the cme in chicago. the senior vice president at preon group. scott, question for you, we've been looking for a bigger reaction in the futures. we thought if we got to the last day and there was no deal the markets would have a much bigger sell-off. is this something that the market says yes, we think there will be a deal reached at least sometime over the next several days? >> yeah, i think the market does think there will be a deal ultimately reached. the market is afraid that it's not going to be a very good deal. we could have a preverse reaction where we go over the cliff but the cliff is clarity and we can work from there. if we get a band-aid deal the market will take that worse than even going over the cliff. it will be interesting to see how that shakes out. but ultimately i think the guys behind me right now, we want to find out what'
fiscal cliff, tax increases, spending cuts. and gridlock in washington. we'll tell you what happens after the first of the year. >>> let's get a check on the markets. scott joins us from the cme in chicago. the senior vice president at preon group. scott, question for you, we've been looking for a bigger reaction in the futures. we thought if we got to the last day and there was no deal the markets would have a much bigger sell-off. is this something that the market says yes, we think...